In the report, the cyber security market is defined as a combination of
market for security types and services. The security types segment of
cyber security includes sub-segments such as network security, endpoint
security, application security, content security, wireless security and
cloud security while consulting services, design and integration, risk
and threat assessment, managed security services, and training and
education are the sub-segments under services segment. The playing
fields of the market are aerospace, defense, intelligence, government,
public utilities, healthcare, telecom and IT, manufacturing, retail and
others.

With change in business environment due to Bring Your Own Device (BYOD)
model, cloud-based services and wireless communication, the security
requirements are also showing signs of evolution. Cyber security market
comprises innovative and sophisticated cyber solutions. The technologies
are showing continuous growth patterns. Antivirus and antimalware
solution is expected to acquire the highest market share during the
forecast period among all major technologies owing to increase in
adoption of such solutions by organizations of multiple sizes as well as
consumers. Increase in number of sophisticated threats along with the
rapid adoption of cloud-based services is expected to keep the market
growing for such solutions in the coming years.

Next Generation Firewall (NGFW), an advanced version of the firewall
that filters network and internet-based traffic concentrating on
application-specific granular security type and helps to detect
application-specific attacks is another major solution having
significant share among all solutions. NGFWs blend the features of
traditional firewall with Quality of Service (QoS) context in order to
provide effective detection. It deploys the functionalities of
first-generation network firewalls and network Intrusion Prevention
Systems (IPS), Secure Socket Layer (SSL) and Secure Shell (SSH)
inspection, reputation-based malware filtering and Active Directory
integration support. Rapid growth in internet usage, advanced persistent
threats, transition from network layer to application and file layer
attacks are the key emerging trends responsible for increasing the
demand of such solutions.

The cyber security market in turn also has some challenges in its growth
path. The facilitation of high speed internet is leading to continuous
piracy of security software and affecting the growth and validity of
authenticated software. Simultaneously, the widespread distribution of
cheap competitive products is restraining the growth of major cyber
security solutions vendor market. These all are the consequences of lack
of awareness about the security alignment with the business portfolio by
the customers and enterprises.